Brazilian assets rally as Bolsonaro overtakes Lula in election bets

Brazilian domestic assets reversed early losses and rallied on Thursday as predictive-market odds shifted in favor of Flávio Bolsonaro over Lula in the October presidential race. The move reflects growing market optimism about a Bolsonaro victory, though predictive platforms are prohibited in Brazil and the shift is based on unregulated data. The rally signals that markets are pricing a more business-friendly outcome, but the sustainability of the move depends on actual polling and campaign developments.